QED received an investment of US$3 million from a number of well-known institutions to promote the innovation of the Bitcoin ecosystem in building trustless applications based on zero-knowledge proofs.

2024-02-27 09:00:02BlockBeatsShare to:

According to BlockBeats news, on February 27, QED, the world’s first zk-Native blockchain protocol, announced the completion of US$3 million in financing. This round of financing was led by Arrington Capital and included many well-known investors such as Starkware, Draper Dragon, Blockchain Builders Fund, and Lbk Labs. Venture capital firms participate. It is reported that QED aims to combine zero-knowledge proof (ZKP) with Bitcoin, empower Bitcoin applications, and solve problems existing in the Web3 development process. As the world's first horizontally scalable blockchain, it increases throughput by increasing the number of network nodes and allows any Web2 developer to write QED smart contracts using the popular programming languages Javascript and Python. Michael Arrington, a well-known investor and lead investor in this round, said, "We believe QED will redefine the possibilities of Bitcoin." This financing will help QED promote innovation in the Bitcoin ecosystem and provide more innovative solutions.

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